Toronto and Area Real Estate – 50 Years of Helping Toronto Buy and Sell Houses

About Us

For over 50 years in Toronto, Ontario, E.B.Dungey Realty Ltd. Brokerage has been a Leading Realtor. For homes, villas, condos and commercial property transactions in the Greater Toronto Area, our Realtors deliver the very best. And as the Best Realtors in Toronto, we promise an amazing Home Buying or Selling Experience.

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Protecting Your Deposit

When you work with a registered real estate broker or salesperson, your deposit is protected subject to the terms and conditions of the insurance policy. All brokers and salespersons are required by law to participate in an insurance program that includes consumer deposit insurance. The premium for the insurance program, including the coverage that protects your deposit, is paid for by brokers and salespersons.

COVERAGE
Consumer deposit insurance offers protection in the event of fraud, insolvency or misappropriation of funds by a registrant (e.g. a brokerage). There is no deductible under this coverage. However, the insurance policy contains clauses, which may limit the amount payable if there is a loss. The insurance provides coverage up to a maximum of $100,000 per claim. In the event the sum of all claims made by all consumers against a particular registrant related to an occurrence (e.g. a brokerage becomes bankrupt) exceeds $1,000,000, the amount recoverable by each consumer may be pro-rated and limited to a portion of the maximum amount of $1,000,000 of coverage, subject to the terms and conditions of the insurance policy.

WHAT’S NOT COVERED
Claims arising as a result of a registered broker or salesperson acting as an executor, administrator, trustee, guardian, conservator, or in any other fiduciary capacity other than as a broker or salesperson are not covered under the policy.

HOW TO MAKE A CLAIM
Information related to making a claim is provided below. Before making a claim you may want to contact RECO’s Insurance Department for more information.